HeidelbergCement AG LONG Signal In the making(mid/longterm)
Updated
As you can see we are about to leave the downtrend. Have a look at the daily chart to have some better insight in the exact structure of the outbreak process. But for now I want to highlight the similarity between the price behavior right now compared to the last time we hit that similar price area.
Pretty much the same movement and also Volume shows at least some change in structure. Let's see what we can get.
My Plan for Now:
Not quiet sure if that possible right shoulder is already done.. I could also imagine some more consolidation phase, but if not we are ready. This is a solid German company and I do imagine investing for longer term into it. But nevertheless less this is also a great short/midterm setup. Let's see if we can break that neckline of our pattern.
I placed an alarm close above 63.00. I think if we climb above some more daily trader will enter the market and might push it even higher.
Done for now.
Let´s see what tomorrows opening brings us.
Hang around for updates.
Feel free to ask..
Stay safe out there.
Pretty much the same movement and also Volume shows at least some change in structure. Let's see what we can get.
My Plan for Now:
Not quiet sure if that possible right shoulder is already done.. I could also imagine some more consolidation phase, but if not we are ready. This is a solid German company and I do imagine investing for longer term into it. But nevertheless less this is also a great short/midterm setup. Let's see if we can break that neckline of our pattern.
I placed an alarm close above 63.00. I think if we climb above some more daily trader will enter the market and might push it even higher.
Done for now.
Let´s see what tomorrows opening brings us.
Hang around for updates.
Feel free to ask..
Stay safe out there.
Trade active
So we got our Buy Signal...opened my positions. Target 76 first. But Consider they are going to pay pretty decent dividends on may 9th. I will hopefully close this in may at around 76/77.
Good luck.
Stay safe!
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